Mortgage Arrears Level Still Falling In Alberta (October 2012)

The number of Albertans behind on their mortgage payments by three or more months fell again in October to 2,810 or 0.53%.

That’s down from September’s total of 2,953 that represented 0.56% of the total mortgages in the province.

Canada-wide, the arrears rate fell from  0.33% (14,437) to 0.32 (13,412)

BC saw their mortgage arrears rate tick upwards.

You can download report from the Canadian Bankers Association: herepdf

Alberta mortgage arrears (click to enlarge image)

Alberta mortgage arrears (click to enlarge image)

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